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Technavio’s market research analyst predicts the global implantable ports market to grow steadily at a CAGR of above 3% by 2021. One of the primary implantable ports market drivers is the growing technological advancements in the implantable ports. Vendors are increasingly focusing on developing new implantable ports with advanced features for better delivery of medications or fluids into the body. Also, the vendors are extensively focusing on reducing the safety issues. For instance, AngioDynamics offers Xcela Plus Ports that features PASV Valve Technology, the first proximally valved CT-rated port. This provides clinicians Saline-Only Maintenance, which help to reduce complications associated with heparin use.
Based on the implantable ports market analysis, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The growth of implantable ports market in the region is driven by increasing chemotherapy coupled with chronic disorders. The US is the largest revenue contributor to the market in the Americas, primarily because of its growing older adult population. The older adults are more susceptible to diseases, sickness, and syndromes, due to less regenerative abilities compared with adults. Also, the number of cancer patients undergoing chemotherapy in the US has increased substantially. This, in turn, is expected to propel growth in the implantable port's market in the region during the next four years.
The global implantable ports market is dominated majorly by tier I players, and these companies have strong positions compared with tier II/III vendors. Technological advances and new product launches will increase the competition among existing vendors. Manufacturers develop and introduce innovative products such as power injectables, safety and disposables, and titanium-based implantable ports to provide and increase patient satisfaction. Vendors mainly compete on factors like pricing, fewer needle injuries, safety features, convenient use, technology up gradation, marketing strategies, and distribution channels.
During 2016, the single-lumen implantable ports dominated the implantable ports market and accounted for a major part of the overall market share. Factors such as the growing technological advances, low-cost, and the availability of titanium-based material implantable ports, are the major drivers responsible for the growth of this segment in the global market.
In this market study, analysts have estimated the hospitals segment to dominate the implantable ports market during the forecast period. The capability of hospitals to procure medical products and consumables in bulk and engage closely with many suppliers, reimbursement authorities, and government organizations is the key factor responsible for the dominance of this segment in the implantable port market.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: balloon catheter, catheter insertion, imaging centers, diagnostic imaging, medical devices market research, medical imaging industry reports,
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